
Estimating the cost of entering a market and focusing on a specific target segment is important because
A) cost estimates are crucial to estimating sales potential accurately.
B) higher costs will keep other potential competitors from entering that particular segment.
C) customers are more likely to be attracted to marketers that invest heavily in the target segment.
D) the organization's marketers need to know if they can reach the segment at costs equal to or below competitors' costs.
E) higher cost generally ensures long-term success.
Correct Answer:
Verified
Q126: Bethlehem Steel provides steel for a variety
Q127: The maximum percentage of market potential that
Q128: The total volume of a product, for
Q129: If Baskin-Robbins calculates that it could sell
Q130: The amount of product a company expects
Q132: Alex Wren of Owens Corning Fiberglass talks
Q133: The final step in the target market
Q134: General Electric calculates that the total number
Q135: After an organization has determined which of
Q136: When selecting specific target markets, a firm
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents